earnings
confidence high
sentiment negative
materiality 0.70
Texas Roadhouse Q2 revenue up 14% to $1.02B; diluted EPS down 0.8% to $1.07
Texas Roadhouse, Inc.
2022-Q2 EPS reported
$2.15
revenue$2,012,092,000
- Comparable restaurant sales rose 7.6% at company restaurants; to-go sales made up 13.1% of weekly sales.
- Restaurant margin fell 116 bps to 16.6% due to 11.8% commodity inflation, partially offset by higher sales.
- Repurchased 1.67M shares for $128.2M during Q2; YTD repurchases of $212.9M.
- Opened 5 company restaurants in Q2; acquired 8 franchise restaurants for $33.1M in H1 2022.
- Guidance: store week growth ~6%, commodity inflation ~12%, wage inflation ~8%; Q3-to-date comp up 3.9%.